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Market liquidity and ALM: How are banks managing their funding and capital under Basel 3 requirements in a post-COVID world?

Broadcast on Sep 15, 2021 from Livestream: Bonds, Loans & Sukuk Middle East 2021

Platinum Sponsor

Emirates NBD

Platinum Sponsor

First Abu Dhabi Bank (FAB)

Gold & Networking Sponsor

Mashreqbank

Gold Sponsor

Abu Dhabi Commercial Bank (ADCB)

Gold Sponsor

Abu Dhabi Islamic Bank

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BofA Securities

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GIB Capital

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SMBC

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Standard Chartered

Lunch Sponsor

MUFG

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Citi

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Crédit Agricole CIB

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Intesa Sanpaolo

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Mauritius Commercial Bank (MCB)

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Moody's Investors Service

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Rawabi Holding

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White & Case

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SHUAA Capital

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Akin Gump Strauss Hauer & Feld LLP

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Arqaam

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Bank of Jordan

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Bank of Sharjah

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Barclays

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Capital Markets Malaysia

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DWF

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FIM Partners

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Finsight

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Fitch Ratings

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London Stock Exchange

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Maybank Islamic

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Morgan Lewis

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NetRoadshow

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S&P Global

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Squire Patton Boggs

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TMF Group

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UK Export Finance

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United Arab Bank

Supporting Partner

AlHuda CIBE

Supporting Partner

IsFin
  • Popping the hood off bank balance sheets: What are the NPL positions of GCC banks now? What will the NPL positions be when forbearance and payment holidays end?
  • Should the market be concerned by a lack of Tier 2 supply? What impact will a rise in inflation and/or rates have on the hybrid and perpetual market?
  • How much liquidity is in the system? Where is it finding a home? What are the risks with where it is finding a home?
Middle East

Moderator

Ali Ahmad

Ali Ahmad

Managing Director, Head of Capital Markets, FIG, AME

Standard Chartered

Ali Ahmad

Ali Ahmad

Managing Director, Head of Capital Markets, FIG, AME at Standard Chartered

Standard Chartered

Ali Ahmad

Speakers

Asif Karmally

Asif Karmally

Head, Portfolio Strategy Management

Abu Dhabi Commercial Bank (ADCB)

Asif Karmally

Asif Karmally

Head, Portfolio Strategy Management at Abu Dhabi Commercial Bank (ADCB)

Asif Karmally is Head of Portfolio Strategy Management within Abu Dhabi Commercial Bank’s Wholesale Banking Division. He oversees the strategic direction of WBG’s portfolio of assets and liabilities, optimizing the portfolio and revenue mix for the Division as well as ensuring compliance with relevant banking ratios and regulations.

Asif started his banking career in 2004 in Deutsche Bank’s Global Markets division in London, working across various product lines including structured credit, debt capital markets and fixed income sales, and rising to co-head of financial institution sales for the GCC in 2012. Between 2014 and 2018 he was part of Goldman Sachs’ Securities Division in Dubai, responsible for structured finance distribution to financial institutions across the Middle East. Asif re-joined Deutsche Bank in 2018, as a Managing Director in the Institutional Client Group where he was responsible for advising the firm's clients on bespoke financing and investment solutions.

Asif is a CFA Charter Holder; he has a BA in Economics and Political Science from Northwestern University, and an MBA in Finance from the Stern School of Business at New York University.

Abu Dhabi Commercial Bank (ADCB)

Asif Karmally

ADCB Group is a leading UAE banking group that provides over 1 million customers with a full suite of products and services, spanning Consumer Banking, Wholesale Banking, Treasury & Investments and Property Management. ADCB operates a network of 54 branches and over 428 ATMs across the UAE.

On 1 May 2019, ADCB and Union National Bank merged and the combined entity acquired Al Hilal Bank, which operates as a separate Islamic banking entity under its own brand within the Group. The transaction reinforced ADCB’s position as the third largest bank in the UAE by assets. As at 31 December 2020, the Group’s total assets stood at AED 411 billion.

ADCB Group, which is 60.2% owned by the Government of Abu Dhabi through the Abu Dhabi Investment Council, trades on the Abu Dhabi Securities Exchange (ADX) under the ticker of ADCB. As at 31 December 2020, ADCB’s market capitalisation was AED 43 billion.

Jaap Meier

Jaap Meier

Managing Director, Head of Research

Arqaam Capital

Jaap Meier

Jaap Meier

Managing Director, Head of Research at Arqaam Capital

Jaap Meijer is the Head of Research at Arqaam Capital. He is also the Chief Strategist, Chief Economist and Head of FIG research. He is also a Member of Management Committee.

Jaap Meijer holds a Master of Science in Business Administration and Economics with an emphasis on Finance & Investments from Vrije Universiteit (Amsterdam), an MBA from Webster University (St. Louis) and is a holder of both the CFA charter and the CEFA designation (VBA). He is also a mentor in the CFA challenge.

He has 24 year of research experience. Prior to heading up the research at Arqaam Capital, covering MENA stocks, he was a research director at Evolution, Dresdner Kleinwort and Cheuvreux, covering European financial conglomerates, diversified financials as well as investment banks.

His highest rankings were a No 1 ranking in Emerging EMEA Financials in Extel, and a No 2 ranking in MENA Extel survey.

Arqaam Capital

Patrick Clerkin

Patrick Clerkin

Senior Managing Director, Group Funding & Investor Relations

Emirates NBD

Patrick Clerkin

Patrick Clerkin

Senior Managing Director, Group Funding & Investor Relations at Emirates NBD

Patrick (‘Paddy’) is Head of Investor Relations and Managing Director for Emirates NBD’s Group Funding and Principal Investment Unit. The Investor Relations team updates the Analyst & Investor community on the Bank’s performance and outlook. The Global Funding team manages the strategic funding needs of the Bank. The Principal Investment team manages an investment portfolio containing hedge funds, credit funds and private equity.

Paddy has been with Emirates NBD since 2007. Prior to that he worked in London as co-head of the global operating-company rating team at Fitch Ratings. Before this he was part of the structured investment group at JP Morgan where Paddy looked after capital modelling and risk management.

Paddy has a B.Sc. (First Class) in Actuarial Mathematics and Statistics from Heriot-Watt University and a M.Sc. in Mathematical Finance from the University of Oxford.

Emirates NBD

Patrick Clerkin

Emirates NBD (DFM: Emirates NBD) is a leading Banking Group in the MENAT region. As at 30th September 2020, total assets were AED 692 Billion (equivalent to approx. USD 188 Billion). The acquisition of DenizBank represents a significant milestone for Emirates NBD with the Bank expanding its presence to 13 countries, servicing over 14 million customers. The Bank is ranked among the top 20 in the Forbes’ list of the World’s Best Regarded Companies, securing a leading spot among global brands.

The Bank has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry with 94% of all financial transactions and requests conducted outside of its branches. Emirates NBD was named “UAE’s Best Bank” in 2020 for a fifth consecutive year by Euromoney. In addition, Emirates NBD received the “Excellence in Leadership in the Middle East” award, introduced this year in light of the Covid-19 impact, as a recognition of its efforts in responding to the Covid-19 crisis.

Emirates NBD is also a major player in the UAE corporate segment and has strong Islamic banking, investment banking, private banking, asset management, global markets & treasury and brokerage operations.

LinkedIn page: https://www.linkedin.com/company/emirates-nbd

Carla Ajaka

Carla Ajaka

Head of Financial Markets

United Arab Bank

Carla Ajaka

Carla Ajaka

Head of Financial Markets at United Arab Bank

Carla Ajaka is the Head of Financial Markets at United Arab Bank (UAB). She joined the bank in August 2020.

She has more than 24 years of experience in banking. She was the head of Global Markets at HSBC Bank Middle East Lebanon for 17 years. She was covering various geographies including Jordan, Kuwait and Algeria.

Following the acquisition of HSBC by BLOM Carla continued her career for 3 years.

She has substantial experience in Financial markets products and risk management solutions.

United Arab Bank

Carla Ajaka
Jeffrey El Khoury

Jeffrey El Khoury

Head of MENA and Turkey Debt Capital Markets

BofA Securities

Jeffrey El Khoury

Jeffrey El Khoury

Head of MENA and Turkey Debt Capital Markets at BofA Securities

BofA Securities

Jeffrey El Khoury

At Bank of America, we’re guided by a common purpose to help make financial lives better, through the power of every connection. We’re delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It’s demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News) and LinkedIn (@BofA_Business )